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Council adopts ordinance allowing reconveyance deeds for Quail Meadows LLC lot sales
Summary
Ordinance 26-12 authorizes the mayor and city administrator to execute reconveyance or partial reconveyance deeds for property held as security on an LB840 loan to Quail Meadows LLC so lots can be sold; council said other security will remain in place.
On June 15 the Columbus City Council adopted ordinance 26-12, authorizing the mayor and city administrator to execute requests for deeds of reconveyance or partial reconveyance for real estate held as security from Quail Meadows LLC. Council members said the action streamlines lot closings for a development near the transfer station while preserving remaining security on other lots.
Council members asked for clarification about why the reconveyances are needed; staff said Quail Meadows is under contract to sell lots and must release security on the specific lots being sold so the buyer can close, and that the city will retain security on remaining lots. The council said this mirrors a previous administrative approach used for the New Hope development, allowing administrative release rather than returning to council for each lot.
The ordinance was moved, seconded and adopted by voice vote; no roll-call tally is recorded in the transcript.
